Semtech (NASDAQ:SMTC) Price Target Raised to $98.00 at Stifel Nicolaus

Semtech (NASDAQ:SMTC) had its target price upped by Stifel Nicolaus from $90.00 to $98.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other equities analysts also recently issued reports on the stock. UBS Group reiterated a “buy” rating on shares of Semtech in a report on Tuesday, November 25th. Morgan Stanley upped their target price on shares of Semtech from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday. TD Cowen reaffirmed a “buy” rating on shares of Semtech in a report on Tuesday, February 24th. Susquehanna lifted their price target on shares of Semtech from $90.00 to $100.00 and gave the company a “positive” rating in a research report on Monday, March 9th. Finally, Oppenheimer reissued an “outperform” rating and set a $100.00 price target (up from $81.00) on shares of Semtech in a research note on Tuesday, March 10th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Semtech currently has a consensus rating of “Moderate Buy” and an average target price of $93.14.

Semtech Trading Down 11.0%

Shares of SMTC stock opened at $79.21 on Tuesday. The business’s fifty day moving average price is $84.01 and its 200 day moving average price is $74.23. The firm has a market capitalization of $7.33 billion, a PE ratio of -180.02 and a beta of 1.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.43 and a quick ratio of 1.71. Semtech has a 1-year low of $24.05 and a 1-year high of $96.46.

Semtech (NASDAQ:SMTC) last released its earnings results on Monday, March 16th. The semiconductor company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $274.40 million during the quarter, compared to the consensus estimate of $273.14 million. Semtech had a positive return on equity of 17.99% and a negative net margin of 3.86%.Semtech’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 earnings per share. As a group, sell-side analysts forecast that Semtech will post -0.02 EPS for the current fiscal year.

Insider Buying and Selling at Semtech

In related news, Director Gregory Michael Fischer sold 1,034 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $75.50, for a total value of $78,067.00. Following the sale, the director directly owned 2,857 shares in the company, valued at $215,703.50. The trade was a 26.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Lin sold 6,582 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $83.75, for a total transaction of $551,242.50. Following the completion of the sale, the chief financial officer directly owned 22,125 shares in the company, valued at approximately $1,852,968.75. The trade was a 22.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 39,691 shares of company stock worth $3,325,607. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp lifted its stake in Semtech by 12,214.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock valued at $89,000 after buying an additional 2,565 shares in the last quarter. Empowered Funds LLC increased its position in Semtech by 11.5% during the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock worth $323,000 after buying an additional 968 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Semtech by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock worth $14,166,000 after acquiring an additional 22,629 shares during the last quarter. Strs Ohio purchased a new stake in shares of Semtech in the first quarter valued at $65,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Semtech by 24.7% in the second quarter. Envestnet Asset Management Inc. now owns 36,205 shares of the semiconductor company’s stock valued at $1,634,000 after acquiring an additional 7,161 shares in the last quarter.

Semtech News Summary

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Q4 results topped expectations — record net sales and a modest non‑GAAP EPS beat driven by stronger data‑center demand, supporting growth narrative. Zacks: Semtech’s Q4 Earnings Surpass Estimates
• Positive Sentiment: Wall Street pushed price targets higher and reiterated buy/outperform views (Needham, Baird, Stifel, Craig Hallum, Benchmark among those raising PTs), indicating analyst conviction that data‑center momentum and product roadmap justify higher valuations. StreetInsider: Craig Hallum PT Raise
• Positive Sentiment: Unusual options activity: large spike in call buying (≈5,552 calls, ~351% above normal), which signals some traders are positioning for upside despite the pullback.
• Neutral Sentiment: Management gave Q1 guidance roughly in line with expectations (net sales ≈ $283M ± $5M; non‑GAAP EPS ≈ $0.45 ± $0.03), so near‑term growth visibility remains steady but not clearly accelerating. BusinessWire: Q4 Results & Guidance
• Neutral Sentiment: Product roadmap continues: company launched new 224Gbps IC family for linear optics, supporting the long‑term data‑center TAM but with revenue contribution timing uncertain. Yahoo Finance: 224Gbps IC Launch
• Negative Sentiment: Q4 included sizable goodwill/intangible impairment charges that produced a GAAP loss (GAAP EPS negative), clouding near‑term profitability and prompting mark‑to‑market concerns. QuiverQuant: GAAP Loss & Impairment Analysis
• Negative Sentiment: Margin pressure from higher expenses and the impairments reduced headline profitability, and the report appears to have triggered a “sell‑the‑news” move after recent multiple expansion. Institutional repositioning and notable insider selling add to near‑term selling pressure. QuiverQuant: Institutional & Insider Activity

About Semtech

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.